Parallax Volatility Advisers L.P. Invests $790,000 in Herbalife Ltd $HLF

Key Points

• Parallax Volatility Advisers L.P. acquired 91,520 shares of Herbalife Ltd, valued at approximately $790,000, representing 0.09% ownership in the company.
• Herbalife received a range of analyst ratings, with a target price increase from Mizuho to $9.00 and a consensus price target of $11.50, reflecting a generally favorable outlook.
• Despite reporting a 1.7% decline in revenue year-over-year, Herbalife beat earnings estimates with $0.59 EPS compared to the consensus estimate of $0.53.

Parallax Volatility Advisers L.P. acquired a new stake in shares of Herbalife Ltd (NYSE:HLF - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 91,520 shares of the company's stock, valued at approximately $790,000. Parallax Volatility Advisers L.P. owned 0.09% of Herbalife at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HLF. Vanguard Group Inc. grew its stake in shares of Herbalife by 10.9% during the 1st quarter. Vanguard Group Inc. now owns 12,495,374 shares of the company's stock valued at $107,835,000 after acquiring an additional 1,223,957 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in shares of Herbalife by 67.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,570,226 shares of the company's stock valued at $17,195,000 after acquiring an additional 1,031,078 shares during the period. Cubist Systematic Strategies LLC grew its stake in shares of Herbalife by 6,837.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 889,400 shares of the company's stock valued at $7,676,000 after acquiring an additional 902,600 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Herbalife by 218.5% during the 4th quarter. Ameriprise Financial Inc. now owns 812,692 shares of the company's stock valued at $5,437,000 after acquiring an additional 557,518 shares during the period. Finally, Q Global Advisors LLC bought a new position in shares of Herbalife during the 4th quarter valued at approximately $2,438,000.

Analyst Ratings Changes

A number of research analysts recently issued reports on HLF shares. Mizuho boosted their price objective on Herbalife from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Wall Street Zen cut Herbalife from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 10th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $11.50.

Herbalife Stock Performance

Shares of HLF traded up $0.20 during mid-day trading on Friday, hitting $9.55. 1,292,553 shares of the stock were exchanged, compared to its average volume of 1,621,694. The company has a market cap of $985.11 million, a PE ratio of 3.01, a price-to-earnings-growth ratio of 0.28 and a beta of 0.89. Herbalife Ltd has a 52-week low of $5.04 and a 52-week high of $10.83. The firm has a 50-day moving average of $9.53 and a two-hundred day moving average of $8.36.

Herbalife (NYSE:HLF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.06. The business had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.27 billion. Herbalife had a negative return on equity of 27.36% and a net margin of 6.59%.The company's revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. On average, sell-side analysts predict that Herbalife Ltd will post 1.57 EPS for the current year.

Herbalife Profile

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.